Wise Travel India Limited reported a 50.7% increase in revenue to ₹8,265.3 million for the financial year ended March 31, 2026, driven by a significant expansion in its fleet and international operations. The company’s profit after tax (PAT) for FY26 stood at ₹294.7 million, reflecting a 26.2% growth compared to the previous year. EBITDA for the period surged 74.6% to ₹936 million, with the EBITDA margin improving to 11.3% from 9.8% in FY25.

The consolidated financial results were submitted to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing follows the Board Meeting held on May 29, 2026, where the financial outcomes were approved. The company’s operational metrics for H2-FY26 indicate a fleet size of 14,500+ vehicles and a client base exceeding 800.

Financial Performance

Wise Travel India’s financial performance for FY26 highlights robust growth across key metrics. Total expenditure increased by 48.1% to ₹7,329.2 million, keeping pace with the top-line expansion. Depreciation costs rose significantly by 119.2% to ₹472.6 million, while interest expenses doubled to ₹135.9 million. Consequently, the Profit Before Tax (PBT) grew by 22.8% to ₹383 million.

Segment and Geographic Revenue

The company’s revenue stream is diversified across several business segments. The Employee Transportation Services (ETS) segment contributed the largest share at 26%, followed by Corporate Rental Division (CRD) at 20% and Managed Service Provider (MSP) at 18%. Geographically, the NCR Region accounted for 31% of the revenue, while Maharashtra and Karnataka contributed 25% and 16% respectively.

Balance Sheet and Ratios

The company’s balance sheet for FY26 shows a total equity base of ₹2,014.4 million, up from ₹1,719.7 million in the previous year. Total assets increased to ₹4,988.4 million. The Debt to Equity ratio stood at 0.73 for FY26, compared to 0.61 in FY25. Return on Equity (ROE) was reported at 15.0%, while Return on Capital Employed (ROCE) was 16.0%.

Wise Travel India reported a 38% increase in consolidated net profit to ₹2,946.92 lakh for the year ended March 31, 2026, driven by a 51% surge in revenue from operations. The company’s revenue from operations rose to ₹82,652.62 lakh in FY26 from ₹54,858.90 lakh in the previous year, while total income increased to ₹83,206.89 lakh. The board approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026.

The statutory auditors, M/s Raj Gupta & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial statements. The board also approved the adoption of revised policies, including the Code of Conduct Policy, Risk Management Policy, and Related Party Transactions Policy.

Strategic Acquisition and Funding

The board approved the acquisition of a 100% equity stake in Wheels of Avalon Limousine Services L.L.C., Dubai, UAE, by WTI Rent A Car LLC, a wholly owned subsidiary. The total consideration for the acquisition is up to AED 560,000, payable in a phased manner, subject to statutory approvals. The target entity reported a turnover of 531,521.10 AED as of December 31, 2025.

To support its operations, the board approved the renewal of borrowing facilities from YES Bank Limited aggregating up to ₹20 crore and credit facilities from IDBI Bank Limited aggregating up to ₹2 crore for working capital requirements. Additionally, the company approved availing auto loan facilities from banks and financial institutions up to an aggregate amount of ₹200 crore for the acquisition of vehicles.

Financial Performance

The company’s standalone net profit for the year ended March 31, 2026, stood at ₹3,049.62 lakh, compared to ₹2,212.92 lakh in the previous year. Standalone revenue from operations increased to ₹73,093.96 lakh from ₹52,591.76 lakh. Earnings per equity share (basic and diluted) increased to ₹12.81 from ₹9.29 in the previous year.

The company reported that the entire balance of IPO proceeds yet to be utilized was nil as of March 31, 2026. The total IPO proceeds amounted to ₹9,468.27 lakh, with ₹7,300 lakh utilized for working capital requirements and ₹800 lakh for general corporate expenses.

Consolidated Financial Results (Year Ended March 31, 2026)